Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $195.13, but opened at $182.02. Direxion Daily MU Bull 2X Shares shares last traded at $195.00, with a volume of 783,704 shares traded.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50 day simple moving average of $160.96 and a two-hundred day simple moving average of $90.57.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after acquiring an additional 1,022 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter worth approximately $1,188,000. Tower Research Capital LLC TRC increased its holdings in Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Belvedere Trading LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $844,000.

Direxion Daily MU Bull 2X Shares Company Profile

The Direxion Daily MU Bull 2X Shares (MUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUU was launched on Oct 10, 2024 and is issued by Direxion.